While South African and foreign investors nervously watched Steinhoff implode, another large JSE-listed firm went into a downward spiral.
EOH’s share price fell by 55% between Thursday and Friday morning.
What was behind that stunning fall?
The Money Show’s Bruce Whitfield interviewed Traders Corner share trader Garth Mckenzie.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
One director sold at R26.55, the very low of the day… pure panic selling…— Garth Mckenzie, Traders Corner
Excessive leverage, and greed.— Garth Mckenzie, Traders Corner
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted. Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.
The Money Show's Bruce Whitfield interviews Jabu Mabuza (CEO Initiative) and Prof Osman Mollagee (PWC).
The Money Show’s Bruce Whitfield interviews Hippo Water Roller Project CEO Grant Gibbs.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.
The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.
EWN reporter Shamiela Fisher says 77-year-old Rust took care of one of the accused and supported him and his family financially.
Senior investigative journos unravel the Estina Dairy Farm scandal and how the suspects fit into the bigger state capture project.
The President met with the people of Cape Town while on a 5 kilometre morning walk from Gugulethu to Athlone.
Huffington Post editor in chief shares her view on the SONA debate with Bongani Bingwa.